Pure Resources (ASX:PR1) reports it plans to pursue new battery metal projects through greenfields exploration or by reviewing brownfield projects presented to it, in its pursuit in becoming a battery metals focused company.
The company says it is eager to gain exposure to lithium, rare earth elements (REEs), and graphite to complement its portfolio of copper and nickel assets.
Pure states it ‘continually’ engages in project generative activities and has received several new project opportunities and has conducted ‘high-level’ internal assessment on these opportunities.
Pure Resources Executive Chairman Patric Glovac said: “Pure’s vision is to become an eminent battery metal focus company on the ASX, either through its existing portfolio of nickel and copper assets, generation of new projects or acquisition of existing projects presented to the company with a strong determination to add lithium, REEs or graphite to the company’s portfolio.”
“Pure’s vision is to become an eminent battery metal focus company on the ASX”
Previous exploration conducted by the company at the Yundamindra Project has revealed up to 1.38% Ni from auger drilling, and the company identified a 1.8km geochemical anomaly to be targeted with follow-up drilling.
At the Killarney Project, Pure has identified the presence of surficial copper and mapped mafic-ultramafic intrusive rock types at the Turkey Creek Prospect which is believed to be prospective for Norilsk style nickel-PGE-copper mineralisation.
‘High-grade’ rock chip sample results from the Killarney Prospect include 19.3% Cu and 78g/t Ag from PRRK01, 11.4% Cu and 26g/t Ag from PRRK02, and 1.8% Cu and 6g/t Ag from PRRK03.
Pure Resources is an ASX-listed exploration company focused on its portfolio of tenements prospective for copper gold and nickel, including The Killarney, Mount Monger, Yandal, and Yundamindra Project located in Western Australia.
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